Civic IQ
FINANCIAL_SERVICESRECOMMENDED

City Considers Depository & CD Plan with Bennington

Osage City is considering Resolution No. 1153 to designate Bennington State Bank as an official depository for City funds and authorize key officials to execute banking agreements. The proposal would also restructure existing certificates of deposit into a Tandem Savings Account and a 6‑month CD to enhance interest earnings while maintaining liquidity.

Document date · July 28, 2026

Issuing agencyTown of OsageVendorBennington State Bank

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Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract type
FINANCIAL_SERVICES
Contract term
Ongoing designation as official depository; 30-day CD restructured into Tandem Savings and 6‑month CD
Renewal
Authority for Bennington State Bank as depository and for banking transactions remains in effect until written notice of revocation or modification is provided to the bank under Resolution No. 1153; existing CDs include a 30‑day instrument to be split, with a portion moved into a 6‑month CD.
Document type
AgendaPacket
Source document
Osage City Council AgendaPacket Regular Meeting 2026-07-28

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Town of Osage?

Bennington State Bank was awarded this financial services contract by Town of Osage, as recorded on July 28, 2026.

What type of contract is this?

This is a Financial Services contract, documented as a agendapacket record.

Where was this contract approved?

This contract appears in Osage City Council AgendaPacket Regular Meeting 2026-07-28 (AgendaPacket), dated July 28, 2026 from Town of Osage. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Bennington State Bank hold?

Bennington State Bank may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

View Bennington State Bank's profile

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